Taxes Archive

redbook retail sales

Might be more early evidence of FICA hike biting. ...Read More

Italian article this am

Misrepresents what I say a bit, but they do have my picture next to JFK! ;) The IMF: sovereign currency, no longer the monopoly of the banks Eliminate the public debt of the United States at once, and do the same with Great Britain, Italy, Germany, Japan, Greece. At the same time ...Read More

Did Taxpayers Really ‘Profit’ From Treasury Mortgage Program? – US Business News Blog – CNBC

Did Taxpayers Really ‘Profit’ From Treasury Mortgage Program? By John Carney ...Read More

CNBC’s John Carney invokes MMT again

How High Should Taxes Get on the Wealthy? By John Carney Good to see John Carney invoking MMT again! My conclusion would have been with today’s shortage of aggregate demand we are grossly over taxing for inflation prevention, and so, a FICA suspension is the way to go vs a tax cut ...Read More

Noda Makes Consumption Tax Hike Pledge At G-20 Summit

The world’s poster child for losing decades looks to stay a step ahead: (Nikkei)–Prime Minister Yoshihiko Noda vowed Thursday to gradually raise the nation’s consumption tax to 10% by mid the 2010s during a summit meeting of the Group of 20 leading economies in Cannes, France. The announcement at the summit has ...Read More

Kelton on payroll tax holiday

Stephanie Kelton: Consumers Need to Spend to Turn Economy Around ...Read More

Cameron Says Nothing Is Taboo as U.K. Tries to Boost Economy

How about suspending VAT? Cameron Says Nothing Is Taboo as U.K. Tries to Boost Economy By Eddie Buckle Sep 4 (Bloomberg) — Prime Minister David Cameron said “nothing should be taboo” as the government considers extra measures this fall to boost Britain’s flagging economic growth. “We haven’t gone far enough,” Cameron wrote ...Read More

Nightmare on Main Street: Krueger – more financial regression from the Obama administration

The Obama administration continues on the path of financial regression with the addition of Alan Krueger (no relation to Freddy?). Note below, how he favors the govt making the tough choice of hitting the poor harder than the rich with his proposed tax. I have yet to see anything even remotely progressive ...Read More

Modern Monetary Theory: The Last Progressive Left Standing

Modern Monetary Theory: The Last Progressive Left Standing By Warren Mosler ...Read More

What Happens When the Government Tightens its Belt?

What Happens When the Government Tightens its Belt? By Stephanie Kelton May 27 — Imagine two people sitting on opposite ends of a 15-foot teeter-totter. The laws of physics dictate that the seesaw will balance if the product of the first mass (w1) and its distance (d1) from the fulcrum (i.e. the ...Read More